Nu Holdings Ltd. (NYSE:NU) Receives $15.80 Average PT from Brokerages

Nu Holdings Ltd. (NYSE:NU) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.47.

A number of brokerages recently weighed in on NU. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp increased their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Barclays cut their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group raised their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Institutional Investors Weigh In On NU

Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC bought a new stake in shares of NU during the 3rd quarter worth about $172,000. Signaturefd LLC bought a new stake in NU during the third quarter worth approximately $158,000. IFM Investors Pty Ltd acquired a new stake in NU in the third quarter worth approximately $1,379,000. Schwartz Investment Counsel Inc. bought a new position in NU during the 3rd quarter valued at $1,751,000. Finally, Warther Private Wealth LLC boosted its stake in NU by 1.7% during the 3rd quarter. Warther Private Wealth LLC now owns 857,344 shares of the company’s stock valued at $11,703,000 after purchasing an additional 13,950 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

Shares of NYSE NU opened at $11.50 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $54.78 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. NU has a twelve month low of $9.67 and a twelve month high of $16.15. The business has a 50 day simple moving average of $11.92 and a 200-day simple moving average of $13.23.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. As a group, equities research analysts expect that NU will post 0.58 earnings per share for the current year.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.